The Bulls Just Got The Inflation News They Were Hoping For

The latest
inflation numbers are out, and they're good news for people who
are worried about rising inflation.

Core CPI — a
measure of inflation that excludes volatile food and energy
prices — rose just 0.1% for the month. This was down from the
0.2% that they grew in the previous month, and also down from the
0.2% that was expected.

Headline CPI rose 0.2%, which was right in line with
expectations.

For stock market bulls, this is good news. The muted inflation
reading adds no new pressure on Federal Reserve Board Chair Janet
Yellen to increase interest rates sooner than expected.

In previous months, core CPI had been ticking up rapidly, but
Yellen referred to this gain as "noise," and this report helps
bolster her view.